Thursday Charts

Yesterdays sell off left countless ugly candles in its wake.  Yesterdays heat map about sums it up:

While its impossible to know for sure whether yesterdays rout has run its course.  One thing is for certain, the market will recover at some point.  Here are some support levels to watch for a possible reversal over the short term:


$QQQ  $170

$IWM  $155

$DIA  $255

$SPY  $270

$EEM  broke

$FXI still in the channel

$AMZN.... broke?

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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